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Foreclosure Forum |
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Re: Bridge loan from trustee sale to my lender...In Reply to: Bridge loan from trustee sale to my lender... posted by Ryan Andersen on January 11, 2010 at 4:37 PM
A bridge loan can be considered as a short term loan that is used by a person or a company in order to meet his current financial need. This bridge loan is taken by a person or a company until he is able to get a permanent financing alternative. As the name suggest, it bridges the gap between times when financing is needed.
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